GL has deeper value than just 70¢ a share: analysts
They contend company's 18 hotel assets are 'highly undervalued'
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MALAYSIAN tycoon Quek Leng Chan is trying to take GL private on the cheap, say Lim & Tan Securities analysts. They are suggesting shareholders hold out for a better offer.
Given that shares of GL have climbed above the offer price of S$0.70 - closing at S$0.715 on Thursday - the market may be in agreement.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
New CPF life-cycle investment scheme could channel S$6-S$9 billion a year into Singapore stocks: Citi
SGX RegCo proposes tighter disclosures on pay, dividends and investor relations to lift valuations
From Thai jasmine rice to salmon: Singapore could see tighter supply of some foods amid Iran war
Suntec Reit flags near-term pressure on convention business as bookings slow in wake of Iran war
